Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against Vest−0.063%7-day average −0.698% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.063%, 7d avg −0.698%

Together, before fees+0.130%+ Points / potential airdropVest: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.635% dearer against Vest than usual: you sell high and buy low: +$64 more if the spread goes back to its 7-day average of −0.698%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MU-USD-PERP	1,050.4	0.0046	pay 0.0006% / 1h	13m 32s	—	$175K	25x
Short	KuCoin MUUSDTM	1,049.8	0.0100	get 0.0100% / 8h	6h 13m	$5.3M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee KuCoinbpOrdersPrice spread, now −0.063%Rate

Funding earned: $11.41
Price spread: −0.063% → −0.698%: $63.52
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $60.93
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	2.86 bp	11.7 bp −$12	35.5 bp −$355	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0227%	4h	1,049.8	−0.056%	$1.3M	$673K	10x	as long as short
Nado MU-PERP	−0.0003%	1h	1,049.6	−0.081%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,049.6	−0.084%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.6	−0.084%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.079%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.2	−0.025%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.091%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.8	−0.064%	$66K	$342K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	−0.066%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.7	−0.073%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.4	−0.095%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.5	−0.089%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.2	−0.113%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.6	−0.081%	$7.4M	$19.2M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.070%	$71K	$236K	10x	as long as short
GRVT MU_USDT_Perp	+0.0041%	8h	1,050.2	−0.021%	$81K	$1.3M	10x	as long as short
Vest MU-USD-PERPlong	+0.0046%	1h	1,050.4	long leg	—	$175K	25x
OKX MU-USDT-SWAP	+0.0048%	8h	1,049.2	−0.113%	$30.8M	$100.4M	50x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.5	−0.089%	$178.2M	$99.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049	−0.136%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050	−0.046%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.106%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0061%	8h	1,049.7	−0.068%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.5	−0.091%	$148K	$187K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,049.8	−0.063%	$5.3M	$3.5M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	−0.011%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.1	−0.031%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.089%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.7	−0.070%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	−0.014%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0145%	8h	1,049.9	−0.048%	$21.6M	$51.7M	20x	as long as short
Variational Omni MU	+0.0171%	8h	1,049.8	−0.060%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0186%	8h	1,049.6	−0.084%	$126.4M	$522.4M	50x	as long as short
Bitget MUUSDT	+0.0222%	8h	1,049.6	−0.082%	$20.6M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.2	−0.022%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.7	−0.068%	$334K	$349K	20x	as long as short